China Gas Holdings Balance Sheet Health
Financial Health criteria checks 2/6
China Gas Holdings has a total shareholder equity of HK$60.7B and total debt of HK$59.1B, which brings its debt-to-equity ratio to 97.3%. Its total assets and total liabilities are HK$148.7B and HK$88.0B respectively. China Gas Holdings's EBIT is HK$5.6B making its interest coverage ratio 3.2. It has cash and short-term investments of HK$8.2B.
Key information
97.3%
Debt to equity ratio
HK$59.09b
Debt
| Interest coverage ratio | 3.2x |
| Cash | HK$8.16b |
| Equity | HK$60.75b |
| Total liabilities | HK$87.95b |
| Total assets | HK$148.70b |
Recent financial health updates
Is China Gas Holdings (HKG:384) Using Too Much Debt?
Aug 13
China Gas Holdings (HKG:384) Seems To Be Using A Lot Of Debt
Mar 01Is China Gas Holdings (HKG:384) Using Too Much Debt?
Nov 29Here's Why China Gas Holdings (HKG:384) Has A Meaningful Debt Burden
Mar 13Does China Gas Holdings (HKG:384) Have A Healthy Balance Sheet?
Jul 13Is China Gas Holdings (HKG:384) Using Too Much Debt?
Mar 04Recent updates
Fewer Investors Than Expected Jumping On China Gas Holdings Limited (HKG:384)
Nov 11Should You Think About Buying China Gas Holdings Limited (HKG:384) Now?
Oct 24China Gas Holdings (HKG:384) Will Pay A Dividend Of HK$0.35
Aug 20Is China Gas Holdings (HKG:384) Using Too Much Debt?
Aug 13Investors Interested In China Gas Holdings Limited's (HKG:384) Earnings
Jul 29China Gas Holdings' (HKG:384) Dividend Will Be HK$0.35
Jul 12China Gas Holdings (HKG:384) Has Announced A Dividend Of HK$0.35
Jun 27China Gas Holdings (HKG:384) Could Be Struggling To Allocate Capital
May 28When Should You Buy China Gas Holdings Limited (HKG:384)?
May 10Earnings Tell The Story For China Gas Holdings Limited (HKG:384)
Apr 04China Gas Holdings (HKG:384) Seems To Be Using A Lot Of Debt
Mar 01China Gas Holdings' (HKG:384) Returns On Capital Not Reflecting Well On The Business
Jan 29Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 28% Undervaluation?
Jan 14Why We're Not Concerned About China Gas Holdings Limited's (HKG:384) Share Price
Dec 18China Gas Holdings' (HKG:384) Dividend Will Be HK$0.15
Dec 02Is China Gas Holdings (HKG:384) Using Too Much Debt?
Nov 29Is It Too Late To Consider Buying China Gas Holdings Limited (HKG:384)?
Nov 10Be Wary Of China Gas Holdings (HKG:384) And Its Returns On Capital
Oct 06China Gas Holdings (HKG:384) Has Announced That Its Dividend Will Be Reduced To HK$0.40
Aug 24China Gas Holdings (HKG:384) Will Pay A Smaller Dividend Than Last Year
Jul 24China Gas Holdings Limited's (HKG:384) Intrinsic Value Is Potentially 78% Above Its Share Price
Jul 16China Gas Holdings (HKG:384) Could Be Struggling To Allocate Capital
Jun 27China Gas Holdings Limited (HKG:384) Shares Could Be 50% Below Their Intrinsic Value Estimate
Apr 11China Gas Holdings (HKG:384) Will Want To Turn Around Its Return Trends
Mar 27Here's Why China Gas Holdings (HKG:384) Has A Meaningful Debt Burden
Mar 13China Gas Holdings Limited's (HKG:384) Intrinsic Value Is Potentially 76% Above Its Share Price
Jan 06China Gas Holdings (HKG:384) Will Pay A Dividend Of HK$0.10
Dec 07Investors Could Be Concerned With China Gas Holdings' (HKG:384) Returns On Capital
Nov 23China Gas Holdings (HKG:384) Is Due To Pay A Dividend Of HK$0.45
Aug 19Some Investors May Be Worried About China Gas Holdings' (HKG:384) Returns On Capital
Aug 03China Gas Holdings (HKG:384) Has Affirmed Its Dividend Of HK$0.45
Jul 19Does China Gas Holdings (HKG:384) Have A Healthy Balance Sheet?
Jul 13China Gas Holdings (HKG:384) Could Be Struggling To Allocate Capital
Apr 12Is China Gas Holdings (HKG:384) Using Too Much Debt?
Mar 04Investors Could Be Concerned With China Gas Holdings' (HKG:384) Returns On Capital
Dec 31Is China Gas Holdings (HKG:384) A Risky Investment?
Dec 01China Gas Holdings (HKG:384) Has Re-Affirmed Its Dividend Of HK$0.10
Dec 01China Gas Holdings (HKG:384) Is Increasing Its Dividend To HK$0.45
Aug 19Increases to China Gas Holdings Limited's (HKG:384) CEO Compensation Might Cool off for now
Aug 11If You Like EPS Growth Then Check Out China Gas Holdings (HKG:384) Before It's Too Late
Aug 09We Think You Should Be Aware Of Some Concerning Factors In China Gas Holdings' (HKG:384) Earnings
Jul 22China Gas Holdings (HKG:384) Will Pay A Larger Dividend Than Last Year At HK$0.45
Jul 16Financial Position Analysis
Short Term Liabilities: 384's short term assets (HK$45.2B) do not cover its short term liabilities (HK$50.4B).
Long Term Liabilities: 384's short term assets (HK$45.2B) exceed its long term liabilities (HK$37.6B).
Debt to Equity History and Analysis
Debt Level: 384's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: 384's debt to equity ratio has increased from 93% to 97.3% over the past 5 years.
Debt Coverage: 384's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: 384's interest payments on its debt are well covered by EBIT (3.2x coverage).